'While some investors may push through with their investments as pledged, many will see through the presidential sales talk.' ThoughtLeaders
in Japan are well aware of the domestic inflation situation, as they see in the news how onion prices have skyrocketed, and more practically in the fact that OFWs’ remittances have, partly to help their loved ones cope with accelerating prices.
In their press release, they included a most illuminating sentence: “The Monetary Board also reiterates its encouragement and support for timely and more aggressive whole-of-government actions to mitigate the impact of persistent supply-side pressures on food prices, including trade positive measures and significant progress to boost productivity.”
Remember what happened to sugar last year? People resigned after Marcos Jr. admonished people who supposedly allowed sugar imports – even if importation is a perfectly sound measure to temper sugar prices in the short run.440,000
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